About

AIP standardizes the way the alternative investment industry communicates information about the security and the associated investments. By effectively addressing the manual, risky operational issues that challenge customers, AIP has improved the alternative investment community’s scalability through increased efficiencies, reduced operational risk and lowered costs.

Created with the collaboration of industry leaders and modeled after the enormous success of DTCC’s Mutual Fund Services, AIP is poised to similarly transform the business of alternative investment products.

The services are accessible through XML, mainframe file transfer or CSV spreadsheet uploads.

Who Can Use This Service

The AIP suite of services is open to participants in the alternative investment space, including current members of NSCC, SEC-registered advisors, CFTC registered commodity pool operators, trading advisors, SEC registered investment companies, broker/dealers, banks and trusts.

U.S. and non-U.S.-based firms are eligible for membership. Users must sign an AIP membership agreement.

Benefits

AIP advances a number of key benefits for a growing industry that is impeded by the limits of manual processing:

Improves client service

Increases efficiency through automation and standardization of transactions between firms and funds.

Eliminates the need for fax, email, and phone calls for order processing.

Lowers risk of errors with automated information management that minimizes duplication and eliminates gaps in information.

Disseminates position and valuation reports without the need to manually track and manage information in each account.

Streamlines reconciliation between counterparties, providing an accurate picture of a client's account at any given time.

Position and performance information on a monthly, weekly or daily basis

Actual or estimated net asset values for individual securities within a fund family

The transfer of shares and monies within the same fund family

Participant Numbers and Settlement:

All AIP members need separate participant numbers for the AIP service. However, all NSCC settlement banking and account requirements remain the same. Settlement obligations for alternative investments will not be netted with other NSCC activity. AIP activity will be settled gross, with debits settled separately from credits.